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Thanks player. Appreciate the info. If I want to make them strate-titled, is there a big fee involved in this? Is there anything special I should be looking out for that will blow my budget?

Im looking at this one building, but its not strata titled. What does that mean exactly? That there is no body corporate managing the property? Can anyone explain the pros and cons of a block of units being strata-titled?

What makes you think the numbers are way off? What am I missing?

Thanks guys. I agree any block of units is a great investment, especially close to the city. The key here is the ability to hold onto for a few years until the increase rents cover and then surpass the outgoings. Ive redone some of the figures with some of the suggestions made here, and I...

LOL...good point. Well I'll just keep trying and researching and maybe something will come out of it.

Thanks guys but I am looking mainly at cashflow here, CG is a factor but secondary in this case. I guess the key here is to look for someone who is desperately selling and offer a lowball bid. The numbers need to work, but I guess I was asking, since its a block of units, do I need to...

Ive been looking at doing a purchase of blocks of units, and was wondering if someone who has done this can advise me. For example, I found a building with 4 / 2 bedroom units in Cammaray and began doing some numbers. As I see it, this is how it turned out (broken into per/month), PURCHASE...